Sunlands Online Education (STG) Reports Q3 Loss of $4.76, Revenues Beat
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Sunlands Technology Group Announces Unaudited Third Quarter 2018 Financial Results
November 23, 2018 4:08 AM ESTNet revenues increased by 95.8% year-over-yearGross billings (non-GAAP) increased by 14.0% year-over-yearNew student enrollments increased by 14.5% year-over-year
BEIJING, Nov. 23, 2018 /PRNewswire/ -- Sunlands Technology Group (NYSE: STG) ("Sunlands" or the "Company"), formerly known as Sunlands Online Education Group, a leader in China's online post-secondary and professional education, today announced its unaudited financial results for the third quarter ended September 30, 2018.
Third Quarter 2018 Financial and Operational Highlights
Net revenues were RMB517.0 million (US$75.3 million), representing a 95.8% increase year-over-year. Gross billings (non-GAAP) were RMB755.8 million (US$110.0 million),... More